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Late payments 42 months ago
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Mrs6653
Posts: 57 Forumite
Hi,
we are on the process of viewing properties and will need to apply for a mortgage. We both a good/excellent credits scores but I have some late payments for a PayPal account 42 months ago. Could this prevent us from being successful ?
we are on the process of viewing properties and will need to apply for a mortgage. We both a good/excellent credits scores but I have some late payments for a PayPal account 42 months ago. Could this prevent us from being successful ?
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@mrs6653 On it's own, 3+ year old missed payments should not stop you from getting a mortgage. You may fail "credit-scoring" (this is referring to internal lender-specific credit scoring, nothing to do with your Experian/Clearscore/Credit-Karma credit-score) for some lenders if you were applying at 95% LTV, but outside that I would not expect it to be a show-stopper.
I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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